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X Company Uses Periodic System for Inventory following data related to inventory flow during January 2021 Date Explanation # of Units Cost per unit Jan.1
X Company Uses Periodic System for Inventory following data related to inventory flow during January 2021 | |||||
Date | Explanation | # of Units | Cost per unit | ||
Jan.1 | Beg. Inventory | 100 | $10 | ||
Jan.5 | Purchases | 150 | $12 | ||
Jan.10 | Purchases | 200 | $13 | ||
Jan.15 | Purchases | 180 | $14 | ||
Jan.25 | Purchases | 70 | $15 | ||
During January total Sales were 500 units at a selling price of $50 |
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